/macÂ·ule/ (mÄÂ´kÅ«l) a discolored spot on the skin that is not raised above the surface. (mÄkâ²yoÍolâ²) n. A discolored spot or area on the skin that is not elevated above the surface and is characteristic of certain conditions, such as smallpox, purpura, or roseola. Also called macula.
stock option(noun) the right to buy or sell a stock at a specified price within a stated period. stock option(noun) a benefit given by a company to an employee in the form of an option to buy stock in the company at a discount or at a fixed price. stock options are not much use as an incentive if the price at which they can be exercised is out of reach.
Employee Stock Options are non standard contracts with the employer whereby the employer has the liability of delivering a certain number of shares of the employer stock, when and if the employee stock options are exercised by the employee.he employee may also hedge the employee stock options prior to exercise with exchange traded calls and puts and avoid forfeiture of a major part of the options value back to the company thereby reducing risks and delaying taxes.